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Full-time benefit-eligible employees can take advantage of an interest-free loan from the College to help with the purchase of computer device (s) and peripherals. A purchase of solely peripheral equipment is not covered by this policy. The loan may include the purchase of several items at one time, for example:

Desktop or laptop computer

Computer monitor, keyboard, and/or mouse

Router

Printer

Scanner

Tablet

Loans are made to employees after the purchase. The original invoice must be provided when applying for this loan. The following parameters apply:

The loan is made at two-thirds (2/3) of the price of the computer device (s) and peripherals being utilized with the computer, excluding taxes.

The loan term is two years and payments are made through payroll deduction.

The loan minimum is $500 and cannot exceed $3,500.

Only one outstanding loan is allowed. Therefore, all purchases of computer device (s) and peripherals must have been made and evidenced at the time the loan is extended.

Only one loan every two years is allowed, even if a previous loan is paid early.

Depending on other loans an employee has outstanding with the College, inputted income may be applicable.

The loan is not available for multiple purchases, for example: two tablets, two printers, etc.

Loans for cell phone or smart phone purchases will not be approved.

For further information, and to check your eligibility for a computer device (s) loan, please contact Kris Rose in the Comptroller's Office at extension 5521 or email krose@amherst.edu.